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Note 3 - Property, Plant and Equipment

4 Months Ended

Feb. 28, 2012

Note 3 - Property, Plant and Equipment [Abstract]

NOTE 3 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of February 29, 2012 and August 31, 2011 are comprised of the following:

	February 29, 2012 (unaudited)		August 31, 2011
Office furniture and fixtures	$	1,667	$	542
Equipment		149,214		149,214
Leasehold improvements		19,640		19,640
Construction in process		595,846		560,000
Total property, plant and equipment	$	766,367	$	729,396

As of February 29, 2012, the Company is currently in the assembly and testing mode, not in operations. Therefore no depreciation was recorded for the period from November 9, 2010 (date of inception) through February 29, 2012.

During the period from November 9, 2010 (date of inception) through February 29, 2012, the Company received property and equipment from three investors at a fair value of $560,000. The transaction was recorded as a capital contribution.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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